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Diversified, Risk-Managed Investing. The Strategic Allocation Funds are asset allocation portfolios designed to help investors pursue their financial goals while taking on risk that's aligned with their investment style.
The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix.
The Strategic Allocation Funds are designated Conservative, Moderate and Aggressive so investors can choose a portfolio that is aligned with their risk tolerance. Each seeks the highest return possible given its asset mix and is diversified across more than a thousand individual securities that are selected by senior managers of American Century Investments® stock and bond funds.
The management team determines a strategic asset allocation for each portfolio given its risk guidelines. The asset mixes have been tested for performance under a wide range of hypothetical economic and market conditions. Working within the strategic frameworks, the management team may make modest tactical maneuvers to take advantage of opportunities, manage risk and adjust to changing market conditions.
American Century Investments has been managing asset allocation portfolios since 1988 and the senior professionals who manage the Strategic Allocation Funds average more than 20 years of industry experience.
The value and/or returns of a portfolio will fluctuate with market and economic conditions. The fund's investments in fixed income securities are subject to the risks associated with debt securities including credit, price and interest rate risk. Generally, as interest rates rise, the value of the securities held in the fund will decline. The opposite is true when interest rates decline. International investing involves special risk considerations, including economic and political conditions, inflation rates and currency fluctuations. There is no guarantee that the investment objectives will be met. Dividends and yields represent past performance and there is no guarantee that they will continue to be paid.
Highest level of total return consistent with its mix of stocks, bonds and cash equivalent securities
Invests in a mix of stocks, bonds and cash equivalents. The conservative portfolio seeks regular income by emphasizing bond and cash equivalent investments
Average annual total returns illustrate the annual compounded returns that would have produced the cumulative total return if the fund's performance had remained constant throughout the period indicated. Returns for periods less than one year are not annualized.
For periods prior to the inception of a class, performance is for the oldest class, restated with applicable fees, if any.
Maturity: Describes the portfolio of the fund in terms of the different maturities of the securities it holds.
Weighted average life to maturity (WALM) is a measure of the sensitivity of a fixed income portfolio to interest rate changes. WALM is the average time in years to receive the principal repayments. Accordingly, WALM reflects how a portfolio would react to deteriorating credit or tightening liquidity conditions.
Chief Investment Officer - Multi-Asset Strategies, Senior Vice President and Senior Portfolio Manager
Vice President, Portfolio Manager
Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value fluctuates. Redemption value may be more or less than original cost. Obtain performance data current to the most recent quarter end.
The advisor will waive a portion of the fund's management fee equal to the expenses attributable to the management fees of funds advised by the advisor in which the fund invests. The amount of this waiver will fluctuate depending on the fund's daily allocations to such funds. This waiver is expected to remain in effect permanently, and it cannot be terminated without the approval of the Board of Directors.
The advisor also agreed to waive an additional .13% of the fund's management fee. The advisor expects this fee waiver to continue until November 30, 2020, and cannot terminate it prior to such date without the approval of the Board of Directors.
The value and/or returns of a portfolio will fluctuate with market and economic conditions.
Investments in fixed income securities are subject to the risks associated with debt securities including credit, price and interest rate risk.
Generally, as interest rates rise, the value of the securities held in the fund will decline. The opposite is true when interest rates decline.
International investing involves special risks, such as political instability and currency fluctuations.
Please see the prospectus for details about sales charges.
Net expense ratio is the total annual operating expense ratio for the fund, net of any fee waivers or expense reimbursements. Gross expense ratio is the total annual operating expense ratio for the fund, gross of any fee waivers or expense reimbursements. Expense ratios are as of the funds' most current prospectus. This is the actual ratio that investors paid during the fund's most recent fiscal year.
Only Investor Class shares are made available to investors directly. Advisor, A, C, I, and Y Classes of shares are only available for purchase by institutions or other financial intermediaries. R, R5, and R6 Classes of shares are only available for purchase by group employer-sponsored retirement plans. Review definitions and minimums for all share classes.
Lipper rankings are based on average annual total returns. Portions of the mutual fund performance information contained on this page were supplied by Lipper, a Thomson Reuters Company, subject to the following: Copyright ©2019 Thomson Reuters. All rights reserved. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Performance data is preliminary and subject to revision. Rankings are based on all classes available within the classification as of the date shown. Rankings are based only on the universe shown.
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The Dow Jones AveragesSM and The Dow Jones Global IndexesSM are compiled, calculated and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones AveragesSM and The Dow Jones Global IndexesSM ©2019 Dow Jones & Company, Inc. All Rights Reserved.
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For detailed descriptions of indices or investing terms referenced above, refer to our glossary.